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The Resistible Rise Of External Debt In The Global South (2011-2021)

Daniel Cohen and Brendan Harnoys-Vannier

No 2303, FDL Policy Notes from CEPREMAP

Abstract: The recent era of low interest rates and ample liquidity caused a large increase in external indebtedness throughout the Global South. This note documents both the magnitude and the rising diversity of the debt involved, at a time when markets are shutting down. We build upon the latest World Bank International Debt Statistics, recategorizing countries based on their vulnerability before the Covid crisis hit and their level of development.

Keywords: external indebtedness; portfolio diversification; net transfers; DSSI (search for similar items in EconPapers)
Pages: 26 pages
Date: 2023-03
New Economics Papers: this item is included in nep-ifn and nep-opm
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https://findevlab.org/wp-content/uploads/2023/03/F ... ndscape_Mar-23-1.pdf

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Persistent link: https://EconPapers.repec.org/RePEc:cpm:notfdl:2303

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